21035-21215 Biscayne Blvd Local commercial 618 m² 100 % Loué À vendre Miami, FL 33180

Marcus & Millichap, as exclusive advisor, is pleased to present for sale 21215 Biscayne Boulevard (the “Property”), a ±6,650 square-foot, three-tenant retail asset located in the heart of Aventura, one of South Florida’s most affluent and high-growth markets. Situated on an ±1.00-acre parcel, the property features in-place income with a diverse mix of national and regional tenants with triple-net (NNN) leases. The leases for The Original Pancake House (OPH) and Morelia Ice Cream Paletas feature annual rental increases tied to the Consumer Price Index (CPI), with a minimum 2% annual escalation, while Jimmy John’s has a fixed rate increase, offering both stability and future upside. Both The Original Pancake House and Jimmy John’s rents are over 30% below market, offering investors the opportunity capture upside by marking-to-market rents upon lease expiration.
This high-visibility Property is strategically located on Biscayne Boulevard (US-1) and NE 213th Street offering unparalleled frontage and exposure to over 50,000 vehicles per day. The Property benefits from being an outparcel to Aventura Commons, a ±267,000 square-foot retail center anchored by Whole Foods, Target, Best Buy, PetSmart, and Ulta Beauty. Located across the street from Aventura Hospital & Medical Center and situated between Aventura Mall, one of the top-grossing shopping destinations in the U.S., and Gulfstream Park, the Property benefits from significant foot traffic, strong demographics, and excellent accessibility.
Surrounded by luxury residential developments, Class A office towers, and world-class amenities, the Property is uniquely positioned to capitalize on Aventura’s continued population and income growth. 21215 Biscayne Boulevard offers investors the unique opportunity to acquire a premium retail asset in Aventura, one of South Florida’s premier submarkets.